MomentumOptions.com Pre-Market Update for 5/12/2021 Nasdaq Recovers Early Losses 8:00am (EST) The stock market showed continued weakness on Tuesday with all of the major indexes down for the session as inflation fears remained a key concern. However, the Nasdaq’s recovery from an intraday 2% pullback into positive territory was aRead more
MomentumOptions.com Pre-Market Update for 5/11/2021 Tech Retreats as Inflation, Geopolitical Concerns Weigh on Sentiment 8:00am (EST) The stock market was lower on Monday as Wall Street weighed the risk of higher inflation along with rising oil and gas prices following a cyberattack and the shutdown of a major pipeline thatRead more
MomentumOptions.com Pre-Market Update for 5/10/2021 Bulls Overlook Disappointing Jobs Report 8:00am (EST) The stock market showed continued momentum on Friday with the S&P 500 and Dow reaching another round of record highs despite a disappointing April jobs report. Specifically, the jobs report showed that U.S. employers brought back just 266,000Read more
MomentumOptions.com Pre-Market Update for 5/7/2021 Dow Sets Another Record High 8:00am (EST) The stock market traded on both sides of the ledger on Thursday before a late day rally pushed all of the major indexes into positive territory ahead of the closing bell. The gains were a slightly bullish signalRead more
MomentumOptions.com Pre-Market Update for 5/6/2021 Bulls Bounce Back 8:00am (EST) The stock market was mixed on Wednesday after Treasury Secretary Janet Yellen attempted to walk back her comments where she said interest rates may need to rise to keep the economy from overheating. Yellen clarified that she was not makingRead more
MomentumOptions.com Pre-Market Update for 5/5/2021 VIX Spikes Above 20 8:00am (EST) The stock market was mostly lower on Tuesday following comments from Treasury Secretary Janet Yellen who said interest rates might need to rise in order to prevent an economic overheating during the recovery out of the pandemic. Her commentsRead more
MomentumOptions.com Pre-Market Update for 5/4/2021 Market Rebounds but Tech Lags 8:00am (EST) The stock market closed mostly higher on Monday and the first official trading for May despite mixed economic news as first-quarter earnings remain broadly supportive. Specifically, news that 87% of the S&P 500 companies that had reported throughRead more
MomentumOptions.com Pre-Market Update for 5/3/2021 Market Pulls Back on Final Trading Day for April 8:00am (EST) The stock market struggled on Friday and the last trading day of April as profit taking going into the weekend and month end weighed on sentiment. However, the four major indexes posted strong gainsRead more
MomentumOptions.com Pre-Market Update for 4/30/2021 S&P 500/ Nasdaq Tag Record Highs 8:00am (EST) The stock market hit record levels on Thursday’s open but was somewhat choppy afterwards as Wall Street weighed a batch of better-than-expected Tech earnings and proposals from President Biden’s first address before a joint session of Congress.Read more
MomentumOptions.com Pre-Market Update for 4/29/2021 Fed Update Lifts Stocks Off Lows 8:00am (EST) The stock market was choppy heading into the latest update from the Federal Reserve on Wednesday but gained momentum after the announcement of holding interest rates near-zero. The minutes were a little more upbeat than last month,Read more
